World News
BUNKER PRICES: G20-VLSFO Index Jumps to Two-Week High
Bunker prices mostly advanced at ports around the world on Wednesday, with global average VLSFO prices jumping to their highest level in two weeks.
Ship & Bunker's G20-VLSFO Index of prices across 20 leading bunkering ports rose by $5.50/mt to $555.50/mt on Wednesday, reaching its highest level since July 15.
The G20-HSFO Index advanced by $6/mt to $472.50/mt, while the G20-MGO Index climbed by $4/mt to $774.40/mt.
ICE Brent crude futures rose by $0.73/bl to $73.24/bl on Wednesday.
VLSFO prices at the top four ports followed a positive trend. At Singapore prices rose by $7/mt to $528.50/mt, at Rotterdam they advanced by $5/mt to $513/mt, at Fujairah they jumped by $9/mt to $523/mt, and at Houston they climbed by $11/mt to $517.50/mt.
On Thursday morning Brent crude futures were trading down by $0.22/bl from the previous session's close at $73.02/bl as of 7:28 AM in London. In metric tonne terms that would be equivalent to a $1.66/mt fall in bunker prices.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 513.00 | 2.00 | 659.00 | 14.00 |
| Rotterdam | 480.50 | 7.50 | 665.00 | 14.50 |
| Houston | 489.50 | 7.00 | 650.50 | 8.50 |
| Fujairah | 501.50 | 4.50 | 726.50 | 7.50 |
| Global 20 Ports Average | 541.00 | 2.50 | 746.50 | 4.00 |
| Global 4 Ports Average | 496.00 | 5.50 | 675.00 | 11.50 |
| Global Average Bunker Price | 580.00 | 1.50 | 797.00 | 5.00 |
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